NISM EXAM & CERTIFICATION
NISM Certification - All You Need to Know About NISM
Any country's financial market is regarded as the backbone of its economy. NISM develops NISM certification in accordance with SEBI requirements. Without the capital market of a country, whether it is a developing country like India or a developed country like the United States of America, the economy would struggle to survive. As a result, the stock market and stock exchanges of every country play a huge part in its day-to-day operations, and this is where NISM certification comes in. Without sufficient information and education about the financial market, one cannot fully concentrate on a profession in a country's stock market.
What is the National Institute of Standards and Technology (NISM) Certification?Since 2006, the Securities Exchange Board of India's (SEBI) educational arm, the National Institute of Securities Markets (NISM certification), has taken a big step in India to improve the standard of financial education. NISM helps people in the Indian market improve their financial skills and knowledge. Because of this, they are able to give high-quality service and actions to anyone who wants to invest in the financial markets. They are able to assist investors in making educated decisions about how to invest their money by using the knowledge gained through various NISM courses and certifications. People who want to work in the financial markets should get the NISM certification. This is a good starting point for people who want to work in that field. You don't have to be a businessman or a manager to go. Fresh graduates with a bachelor's degree and a NISM certification can find work in the financial services business. The various NISM certifications are required for the activation and operation of securities trading terminals in India. Therefore, if you wish to pursue a profession as a stockbroker or as an employee of a stockbroking firm, you must be compulsorily certified by NISM. NISM produces a variety of books and articles aimed at enhancing market participants' skills and knowledge. The majority of examinations have a three-year validity term after which the candidate must return. This is required because the world of financial markets is an ever-changing and dynamic industry, and candidates must constantly update themselves to stay current with market trends.
How to Register for the NISM Certification ExamTo sign up for any course offered by NISM, you first need to set up an account on the NISM site. There is a link on this page that takes you to the home page of the website. Click on it. Make sure you have a digital copy of your picture, your aadhar card, and your PAN card with you when you start making your account. After completing the account creation process, you can select any module. To register for any module exam, you must first choose the exam day, time, and location. Following that, you will be directed to the payment gateway. After paying the exam fees, you will receive a soft copy of the workbook (study material) and the hall ticket in your account. On the day of your exam, print a physical copy of your hall ticket and bring it with you to the exam center.
Eligibility Criteria for NISM Examination & CertificationsAccording to the National Institute of Securities Markets (NISM) guidelines: * Anyone aged 18 and up is eligible to take the NISM exam and become a mutual fund distributor/advisor. * According to the Association of Mutual Funds (AMFI) website, there are no educational qualifications stated.
NISM Exam PatternThe examination will consist of 100 questions. * Each question will be worth one point (Maximum marks 100) * To qualify for the examination, you must earn at least 50% of the possible points. * There will be no negative marking.
How are the NISM Courses Structured?The National Institute of Standards and Technology (NISM) supplies students with soft copies of study materials in the 'pdf' format. Financial Markets are covered both theoretically and practically in this course. These courses cover a variety of lingo that you'll need to know if you want to work in the financial markets. Although you will not be able to work on sample projects here, you will have the option to answer case study questions in the tests. Furthermore, you are not permitted to use a scientific calculator during the exam. However, you are permitted to complete preliminary work in MS Excel, OpenOffice, or a digital calculator on the exam room's provided desktop. The NISM certification exams are mostly about how well you can do things in real life, not how well you can memorise theories. Because these certifications are updated every year, this is one of the best things about them.
What is the fee structure for the NISM Certification Examination?You can now register for a NISM exam for as little as Rs 1200. Rs 3000 is the registration fee for the module test with the highest registration fee. Whenever you register for a NISM exam, you must pay the applicable fees. If you are unable to take the exam or fail it, you must pay the same amount for retaking the exam.
What are the NISM Certification Examination passing marks?Most NISM exams require a score of 60% or more to pass. However, a few of them only need 50% to pass. For some certifications, the exam may have a negative mark of 25% for each wrong answer. For other certifications, there may not be a negative mark.
Is the NISM examination conducted online or offline?NISM tests are administered online but in person at specified testing facilities. Candidates must adhere to certain standards. The NISM Remote Proctored Exam is a secure online examination that can be done from any convenient place, such as the candidate's home or office, and at a time convenient to the candidate. Each candidate is observed live through a webcam and microphone.
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